Bumble Target of Unusually Large Options Trading (NASDAQ:BMBL)

Bumble Inc. (NASDAQ:BMBL - Get Free Report) saw some unusual options trading on Monday. Stock traders purchased 30,307 call options on the company. This is an increase of 210% compared to the average daily volume of 9,765 call options.

Institutional Trading of Bumble

A number of hedge funds have recently bought and sold shares of the business. Innealta Capital LLC purchased a new stake in Bumble in the 2nd quarter worth about $64,000. SG Americas Securities LLC purchased a new stake in shares of Bumble during the 3rd quarter valued at $71,000. Meeder Asset Management Inc. purchased a new position in shares of Bumble in the 2nd quarter worth about $82,000. Headlands Technologies LLC bought a new stake in Bumble in the 2nd quarter worth approximately $94,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in Bumble during the second quarter valued at approximately $111,000. 94.85% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on BMBL. Evercore ISI downgraded Bumble from an "outperform" rating to an "inline" rating and cut their price target for the company from $18.00 to $8.00 in a report on Thursday, August 8th. JPMorgan Chase & Co. downgraded shares of Bumble from an "overweight" rating to a "neutral" rating and reduced their target price for the stock from $17.00 to $7.00 in a report on Thursday, August 8th. Bank of America lowered shares of Bumble from a "buy" rating to an "underperform" rating and decreased their price target for the company from $12.00 to $5.50 in a research note on Thursday, August 8th. Hsbc Global Res lowered Bumble from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 9th. Finally, The Goldman Sachs Group lowered their price target on shares of Bumble from $18.00 to $9.00 and set a "buy" rating on the stock in a research report on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, Bumble presently has a consensus rating of "Hold" and an average price target of $8.50.

Bumble Stock Down 0.5 %

Shares of Bumble stock traded down $0.04 during trading on Monday, reaching $7.27. 3,317,985 shares of the company traded hands, compared to its average volume of 3,137,438. The company has a 50 day moving average price of $6.51 and a 200-day moving average price of $8.89. Bumble has a 1-year low of $4.80 and a 1-year high of $15.90. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.38 and a quick ratio of 2.38. The firm has a market capitalization of $917.47 million, a PE ratio of 42.76 and a beta of 1.66.

Bumble (NASDAQ:BMBL - Get Free Report) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.07. The business had revenue of $268.60 million for the quarter, compared to analysts' expectations of $273.04 million. Bumble had a return on equity of 1.82% and a net margin of 3.93%. The business's revenue was up 3.4% on a year-over-year basis. During the same period last year, the business earned $0.05 EPS. As a group, equities research analysts expect that Bumble will post 0.77 earnings per share for the current fiscal year.

Bumble Company Profile

Bumble Inc provides online dating and social networking platforms in North America, Europe, internationally. It owns and operates websites and applications that offers subscription and in-app purchases dating products. The company operates apps, including Bumble, a dating app built with women at the center, where women make the first move; Badoo, the web and mobile free-to-use dating app; Official app where users connect their profile with that of their partner enabling a shared, linked product experience; Bumble BFF and Bumble Bizz Modes that have a format similar to the date mode requiring users to set up profiles and matching users through yes and no votes, similar to the dating platform; and Bumble for Friends, a friendship app where people in all stages of life can meet people nearby and create meaningful platonic connections, as well as Fruitz app is centered around encouraging honesty and transparency by sharing dating intentions from the first touch point.